Publicly available records provided by the Financial Industry Regulatory Authority (FINRA) on May 27, 2017 indicate that former Pennsylvania-based NYLife Securities broker Joseph Pailin, Jr. has been sanctioned by FINRA and suspended from acting as a broker. Fitapelli Kurta is interested in speaking to investors who have complaints regarding Mr. Pailin (CRD# 1209128).
Joseph Pailin has spent 32 years in the securities industry and was most recently registered with NYLife Securities in Horsham, Pennsylvania (1984-2016). He has no previous registrations. He has passed two securities examinations: Series 63 (Uniform Securities Agent State Law Examination) and Series 6 (Investment Company Products/Variable Contracts Representative Examination). He is currently not registered with any state or firm.
According to his BrokerCheck report, Joseph Pailin has received one customer complaint and one FINRA sanction, and was discharged from his former employer.
In January 2017 FINRA sanctioned him following allegations he “willfully failed to timely amend his Uniform Application for Securities Industry Registration or Transfer (Form U4) to disclose three federal tax liens that had been filed against him.” He was issued a six-month suspension and a fine of $7,500.
In February 2016 he was terminated from his position at NYLife Securities “for violating Company policy by obtaining a customer’s signature on a blank variable annuity client profile form.”
In 2008 a customer alleged Joseph Pailin, while employed at NYLife Securities, recommended variable annuity and fixed annuity policies were “not satisfactory.” The complaint settled for more than $10,500.
If you or someone you know has a complaint regarding Joseph Pailin, call Fitapelli Kurta at 877-238-4175 for a free consultation. You may be able to recover lost funds. Fitapelli Kurta accepts all cases on contingency: we only get paid if and when you collect money. You may have a limited window to file your complaint, so we encourage you to avoid delay. Call 877-238-4175 now to speak to an attorney for free.